Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/45446

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DC Field

Value

Language

dc.contributor.author

Altuğ, Sumru

en_US

dc.contributor.author

Bildirici, Melike

en_US

dc.date.accessioned

2010-11-03

en_US

dc.date.accessioned

2011-05-09T09:34:55Z

-

dc.date.available

2011-05-09T09:34:55Z

-

dc.date.issued

2010

en_US

dc.identifier.uri

http://hdl.handle.net/10419/45446

-

dc.description.abstract

This paper characterizes business cycle phenomena in a sample of 22 developed and developing economies using a univariate Markov regime switching approach. It examines the efficacy of this approach for detecting business cycle turning points and for identifying distinct economic regimes for each country in question. The paper also provides a comparison of the business cycle turning points implied by this study and those derived in other studies and by other methods. Our findings document the importance of heterogeneity of individual countries' experiences. We also argue that consideration of a large and diverse group of countries provides an alternative perspective on the co-movement of aggregate economic activity worldwide.

en_US

dc.language.iso

eng

en_US

dc.publisher

|aTÜSİAD-Koç University Economic Research Forum |cIstanbul

en_US

dc.relation.ispartofseries

|aTÜSİAD-Koç University Economic Research Forum working paper series |x1009